NO.PZ2023040301000153
问题如下:
An analyst has prepared a table of the average trailing twelve-month price-to-earning (P/E), price-to-cash flow (P/CF), and price-to-sales (P/S) for the Tanaka Corporation for the years 2005 to 2008.
As of the date of the valuation in 2009, the trailing twelve-month P/E, P/CF, and P/S are, respectively, 9.2, 8.0, and 2.5. Based on the information provided, the analyst may reasonably conclude that Tanaka shares are most likely:
选项:
A. overvalued.
undervalued.
fairly valued.
解释:
Tanaka shares are most likely overvalued. As the table below shows: all the 2009 multiples are currently above their 2005-2008 averages.
因为P/E这几个量是乘数,所以如果正常估值的话,这个乘数应该是一个常量吗?